HYBE announces Q1 results, operating profit down 72.6% year-on-year.

HYBE announces Q1 results, operating profit down 72.6% year-on-year.: COMPANY / Reporter Kim Jisun / 2024-05-03 03:28:16

(Photo=HYBE)

[Alpha Biz= Reporter Kim Jisun] HYBE announced on the 2nd that its operating profit for Q1, on a consolidated basis, was preliminarily aggregated at 144 billion won, marking a 72.6% decrease from the same period last year.

Revenue decreased by 12.1% year-on-year to 3.609 trillion won. Net profit decreased by 87.4% to 29 billion won.

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

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Alphabiz - HYBE announces Q1 results, operating profit down 72.6% year-on-year.